Who Should Pay ASICs Inflated Regulatory Costs?

Posted By Steve On Saturday, January 7th, 2012 With 0 Comments

Australia’s regulatory watchdog ASIC (Australian Securities and Investment Commission) has seen the cost of market supervision grow from $5 million to $21 million since it has taken over policing the capital markets from the exchange ASX. The regulator has seen fit to pass the bill on to the brokerage community in the form of an execution fee. So we asked:

Question:
Who Should Pay ASICs Inflated Regulatory Costs?
Purpose:
We wanted to ask the industry what they thought about ASIC’s transaction tax.
Results:
Who Should Pay ASICs Inflated Regulatory Costs?
Government 37.50%
ASIC 29.17%
Buy-side 14.58%
Exchange 12.50%
Brokers 6.25%
Poll results are published in the Weekly Bulletin. Please sign up below.
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